OMF transfer: what it is and how it works
An OMF (Orden de Movimiento de Fondos) is the Spanish bank format used by Iberpay to process inter-bank transfers within Spain. Today it coexists with SEPA: when you order an SCT Inst to another Spanish bank, it usually travels as OMF through SNCE (Spain’s National Clearing System).
TL;DR
- Domestic Spanish format run by Iberpay.
- Underpins instant transfers between Spanish banks.
- Invisible to the end user: looks like a normal transfer.
When is it used?
Any transfer between two Spanish accounts goes through SNCE/Iberpay. If it’s SCT Inst, it settles in seconds as OMF; if standard, in daytime cycles.
Is it the same as SEPA?
Technically OMF is the Spanish “wrapper”; SEPA is the European standard. The payload (IBAN, amount, concept) is equivalent. Iberpay translates between the two.
Conclusion
As a user you don’t need to tell SEPA and OMF apart — your bank does the translation. Just enter IBAN, amount and date correctly and mark SCT Inst if you need instant settlement.
